Oxley

Oxley: entered into a 50/50 JV with Worldbridge Land, to develop a 10,152 sm plot of land in Phnom Penh, Cambodia, into a mixed property devt. Oxley shall pay the first US$35m of any expenditure incurred in connection with the proposed devt, while Worldbridge will contribute the land. Any additional funding shall be borne equally by the two parties. Oxley recently announced a slew of proposed property acquisitions and projects in Msia and Cambodia, highlighting its SE Asia expansion ambitions.